And they often aim to solve operational challenges specific to the construction industry as they arise. With so many options, the best are sure to rise to the topīest-of-breed products will continually improve their application or service to drive their advantage. A saturated marketplace may prove to be a benefit. When niche products and services emerge, they must compete based on quality and a heightened level of support. Single-vendor solutions may rest on their reputation as existing players. But we’ve identified three reasons why your construction business should consider adopting the best-of-breed approach instead.

Admittedly, the second approach sounds easier. The alternative is a single-vendor approach, with multiple applications supplied by the same provider. The best-of-breed approach combines various applications considered the best choice in their respective fields. And with the proliferation of hardware and software comes the need to integrate their technology stack.Ĭonstruction companies may choose either of two approaches to the design and employment of a technology stack.

Now, three years in, the trend continues, especially in the areas of collaboration, Building Information Modeling (BIM), and design.Īccording to the McKinsey report on opportunities in construction technology, over 50% of construction management software developers seek specific niches to differentiate themselves in a saturated marketplace. In fact, most investment funding in the construction sector has been concentrated in categories that have grown because of the pandemic.

The field of construction management is no exception. Overnight, digital transformation with integrated services became a necessity. Then the pandemic hit, and we all saw how valuable the switch to digital operations would be. They were looking for ways of improving operational efficiency, increasing collaboration, and allowing greater output with smaller workforces.

Architecture, Engineering and Construction (AEC)īefore the pandemic, industries of all sorts were exploring and instituting digital transformation of their processes.

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